Industrial Properties in Bellevue, Washington, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and diverse range of businesses. With a high median household income and a rapidly developing downtown area, Bellevue is an attractive location for industrial properties. These properties can represent a variety of investments, including warehouses, manufacturing facilities, and research and development centers. Bellevue's amenities, infrastructure, location, education, and geography make it an ideal place to invest in industrial properties. The city is home to major technology companies, including PACCAR Inc, T-Mobile US, Valve, Amazon, Facebook, Google, Meta, Oracle, Salesforce, and Microsoft, and features a strong transportation network, with easy access to Interstate 405 and Interstate 90. Additionally, Bellevue is situated between Lake Washington and Lake Sammamish, offering scenic vistas of the Olympic Mountains and Cascade Mountains under favorable weather conditions. The city's attractions, such as the Bellevue Botanical Garden, Downtown Park, and Meydenbauer Center, make it a great place for business and travel.
Bellevue's industrial properties are part of a larger commercial real estate market that includes 1 listings. The city's industrial properties offer an average price per square foot of and an average size of 30,654 square feet, with the largest property spanning 30,654 square feet. The average cap rate for industrial properties in Bellevue is. In addition to industrial properties, Bellevue's commercial real estate market includes warehouses, with their own unique characteristics and investment opportunities. The city is also home to land listings, which offer a blank canvas for development and investment. Apartment buildings and commercial real estate round out the city's commercial property offerings, each with its own advantages and disadvantages. Overall, Bellevue's industrial properties offer a unique investment opportunity for those looking to capitalize on the city's strong economy and diverse range of businesses.
What is the average price per square foot for industrial properties in Bellevue?
The average price per square foot for industrial properties in Bellevue is.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Bellevue, with proximity to major highways, public transportation, and amenities contributing to increased property values.
- Industrial properties located near Interstate 405 and Interstate 90, which run through the city, tend to have higher values due to easy access to regional markets and transportation hubs.
- Properties situated near the Bellevue Transit Center, which serves both King County Metro and Sound Transit buses, may also command higher prices due to the convenience of public transportation for employees and customers.
- In addition, industrial properties with proximity to amenities such as the Bellevue Botanical Garden, Downtown Park, and Meydenbauer Center may be more attractive to businesses and investors, driving up property values.
